London – Shares of almost all major rubber goods companies fell sharply over the recent weeks, in response to the outbreak of Covid-19 (coronavirus) in Asia and Europe.
Avon Rubber shares continued to improve over the six weeks to 28 Feb, while the rest of the companies covered by ERJ Shares Tracker registered significant declines.
Outside of the batch of companies covered by ERJ, shares in Asian manufacturers of rubber gloves are rising due to the coronavirus outbreak.
Malaysia’s Top Glove’s shares jumped 18.5% to MYR5.64 over the six-week period, while, Kossan Rubber Industries and Supermax Corp. posted 14.2% and 22% rises in their share prices.
Avon Rubber plc (LSE) £2.465 (17 Jan) to £2.730 (28 Feb)
Daetwyler Holding AG (SWX) CHF171.80 to CHF153.80
Trelleborg AB (STO) SEK170.75 to SEK148.30
Hexpol(STO) SEK90.70 to SEK71.70
Semperit AG (VSE) €11.62 to €10.90
Gates (NYSE) $13.25 to $10.48
